killing in the name of (china virus) ,Initial Jobless Claims Jump Most Since March As Lockdowns Strike

Profile picture for user Tyler Durden

by Tyler DurdenThu, 12/10/2020 – 08:38

As lockdowns began to spread virally across America, the number of Americans seeking unemployment benefits has surged higher.

Initial claims printed 853k (vs 725k exp), a 137k jump from last week and the biggest weekly increase in new claims since March…

Source: Bloomberg

This is the highest amount of new benefits seekers in three months.

Continuing Claims also rose on the week, from 5.527mm to 5.757mm – the first increase since August and biggest increase since May…

Source: Bloomberg

But, the total number of unemployment claimants has dropped below 20 million…

Source: Bloomberg

NEVER MISS THE NEWS THAT MATTERS MOST

ZEROHEDGE DIRECTLY TO YOUR INBOX

Receive a daily recap featuring a curated list of must-read stories.

Sadly this data reflects the period BEFORE lockdowns really accelerated in California and other states.

Published by jakethesnake76

i am a man who follows my FATHER.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: